The Department for Work and Pensions (DWP) has confirmed that millions of state pension recipients can switch from the standard four-weekly payments to weekly payments. The change is designed to help pensioners manage their budgets more effectively.
The state pension is currently claimed by over 12 million people. The full new state pension is worth £221.20 per week, while the full basic state pension stands at £169.50 per week. To request weekly payments, individuals can call the Pension Service on 0800 731 0469 or write to The Pension Service, Post Handling Site A, Wolverhampton WV98 1AF, providing their name, address, and National Insurance number.
For those yet to start claiming, the request for weekly payments can be made in writing on the claim form. Most people require 35 qualifying years on their National Insurance record to receive the full new state pension, with a minimum of ten years to qualify for any payment.
The payment day is determined by the last two digits of the National Insurance number: 00-19 for Monday, 20-39 for Tuesday, 40-59 for Wednesday, 60-79 for Thursday, and 80-99 for Friday.
